China, US agree to maintain high-level economic exchange
TOKYO, July 10 (KUNA) -- China and the US have agreed to maintain high-level exchanges and communications on all levels in the economic field, China's Finance Ministry said Monday.
The exchange, according to state-run Xinhua News Agency, comes in accordance with the consensus reached by the two heads of state during their meeting in Bali last November.
The ministry made the remarks when commenting on the US Treasury Secretary Janet Yellen's four-day visit to China that concluded Sunday.
During meetings with Yellen, the Chinese side has expressed the hope that the US will be rational and pragmatic in bringing bilateral ties back to the right track at an early date, the ministry said. It expounded on China's stance on bilateral economic issues and common global challenges, including the mutually-beneficial nature of China-US economic relations, concerns over the US economic sanctions and suppression of China, China's position on healthy economic competition and China's willingness to work with the US in addressing global challenges.
To achieve sound China-US economic relations, China believes that it is necessary to fully respect the legitimate development rights and interests of all parties and conduct healthy competition in accordance with the principles of market economy and WTO rules. China and the US should seek consensus on important bilateral economic issues through candid communications to inject stability and positive energy into the bilateral economic relations, the ministry said.
The US side said it does not seek to "decouple" from China, and that decoupling the world's top two economies would be disastrous for both countries and would bring instability to the world, according to the ministry.
China reiterated its concerns, urging the US side to lift additional tariffs on Chinese products, stop the suppression of Chinese enterprises, treat two-way investments fairly, relax US export controls on China, and lift the ban on imports of all products related to Xinjiang. (end) mk.hb.
